Paolo Provera has left Banco Sabadell to join ABC International Bank in Milan as general manager.

He will maintain his duties within the International Forfaiting Association (IFA) as chairman of the France, Italy and Southern Europe regional committee.

Furthermore, pending final approvals from the relevant Turkish regulatory authorities, ABC is to open a new representative office in Istanbul, to be headed by Muzaffer Aksoy formerly with Fimbank/London Forfaiting Company.

The new office will further extend ABCIB’s growing pan-European presence and concentrate on the bank’s core trade finance, project finance, treasury and Islamic financing products.

According to Paul Jennings, European head of trade finance at ABCIB “We are absolutely delighted at having Muzaffer on board. His in-depth knowledge of local market conditions, extensive contacts within Turkey and expert understanding of trade finance will be of immense value to the bank, particularly at a time of strong momentum in the Turkish economy, growing interest in Arab world markets and widening use of Islamic financing techniques. ”
Further appointments are expected to be announced in due course.